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Gold steadies as dollar pauses on hopes for trade truce

Reuters 

By Swati Verma(Reuters) - Gold steadied on Wednesday as the dollar slipped from a two-month peak on hopes of a trade deal between the United States and China, with the metal's gains capped by rising global stock markets.Spot gold was up 0.1 percent at $1,311.65 per ounce, as of 1108 GMT, while U.S. gold futures gained 0.1 percent to $1,314.60 an ounce."The fact that gold prices have been holding above the $1,300 level over the last few days is supporting the market and the U.S. dollar index is somewhat weaker," said Commerzbank analyst Eugen Weinberg."Overall there is healthy demand from ...

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First Published: Wed, February 13 2019. 17:14 IST
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